Retail demand that was strong in April and during the first part of May appeared to erode in the week before and week following Memorial Day, Cox Automotive Chief Economist Jonathan Smoke told Automotive News on Monday. However, he said he was not convinced retail demand would see a more substantial erosion.
Retail used-vehicle prices are showing signs of depreciation, and interest rates on used vehicles have fallen since peaking in March and are pretty stable so far in June,…
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